Hi, please answer the following question and show your work. Thank you and hope you have a good weekend.

Question 17 2.3 pts Gabby Co. paid interest to Sookie Co. (interest expense to Gabby Co. and interest income to Sookie Co.). Gabby Co. is a cash method taxpayer and Sookie Co is an accrual method taxpayer (Sookie Co is not a bank or in the business of lending). Both companies have a December year end. On 11/1/21 Gabby Co. paid Sookie Co. $ 9,000 in for the following period: November 1,500 December 1,500 January 1,500 February 1,500 March 1,500 April 1,500 How much deduction will Gabby Co report as interest expense & how much interest income will Sookie Co report in 2021? Gabby Co. will deduct $ 3,000 as interest expense, and Sookie Co will report $ 9,000 as interest income. Gabby Co. will deduct $ 9,000 as interest expense, and Sookie Co will report $ 9,000 as interest income. Gabby Co. will deduct $ 0 as interest expense, and Sookie Co will report $ 9,000 as interest income. Gabby Co. will deduct $ 9,000 as interest expense, and Sookie Co will report $ 3,000 as interest income. Gabby Co. will deduct $ 0 as interest expense, and Sookie Co will report $ 3,000 as interest income